Royal Caribbean will invest in Greek port of Heraklion
Greece has been hampered by bad economic news for months now, but Royal Caribbean is doing its part to help the nation out a little. Royal Caribbean announced it will invest in the port of Heraklion by spending money on port infrastructure upgrades, construction of a hotel and a conference center.
Royal Caribbean's strategy in Greece is to target six ports: Piraeus, Heraklion, Thessaloniki, Rhodes, Kos and Mykonos. The plan is to transform one of these ports into a cruise hub, which will bring in thousands of visitors each day.
Currently, Heraklion and Rhodes are the leading candidates for that distinction.
The plan includes port infrastructure and construction of a 4-star hotel, a conference center of 1,000 square meters, a shopping centre of 3,000 suare meters and a marina for 120 yachts.
Royal Caribbean estimates over a 5-year span that 800,000 passengers per year could visit Heraklion, which would bring an annual revenue of over €3 million.